The first annual work programme of the new European Commissionwas published in January. The COVID-19 crisis has led to a general reassessment of the program, but the Commission is not expected to delay its most important tax-related projects. Initiatives on ‘Fighting tax evasion’ and ‘Business taxation for the 21st century’ are strategic priorities:
- Commission will publish its Action Plan to fight tax evasion and to make taxation simple and easy
- Organize another conference on the fight against VAT fraud and the promotion of compliance in a digitalised world
- Fiscalis seminar (between the VAT Expert Group and the EU Members) in Estonia on transaction-based VAT reporting
- Definitive VAT regime
- VAT rate proposals
- VAT treatment of Financial Services
- Evaluating the Tour Operator Margin Scheme (TOMS)
- Explanatory Notes for implementation of the 2021 e-commerce VAT package
Source: PwC
Latest Posts in "European Union"
- Comments on ECJ C-472/24: AG Opinion on Taxation of Virtual Gold in Online Gaming
- Briefing document & Podcast: ECJ C-564/15 (Farkas) – Non-application Reverse-Charge, 50% tax penalty is disproportionate
- Pierrakakis at ECOFIN: Innovation and Digitalization as Europe’s Competitiveness Drivers
- Three Plead Guilty in €6.5 Million Tax Evasion and Money Laundering Case
- Transfer Pricing Adjustments and VAT Implications: Impact of Recent CJEU Decisions
